2021 First Quarter Market Report for Panama City Beach Condos
Presented by Team Jones
PCB Condo Market at a Glance
2021 is off and running and to help you keep up with what is happening in the PCB real estate market, we're compiled our 2021 First Quarter Market Report for Panama City Beach Condos for you. In this report, you see statistics, trends and commentary so you can track your investments and decide if this is the time to buy, sell or hold. Condos in our Top 12 Resorts have been going under contract as soon as they hit the market if they are at all reasonably priced above the last sales.
For sellers, this is a great time to take advantage of a hot market if you’ve been thinking about selling. There’s always a chance that interest rates will go up even more or new tax rules could be implemented increasing your tax burden on a future sale. Why not take advantage of this great market now?
For buyers, don’t despair! Do your homework ahead of time and make sure you are ready to go the minute something hits the market. Contact us about our 10-step program to get you ready to buy!
Top 12 Beachfront Condos in PCB Market Trends
Data we collect and show in our graphs is based on the resorts we have selected as the Top 12 Beachfront Condos in PCB. How did we select the Top 12 Condo Resorts? We’ve used our years of experience in the real estate and rental market to pick the condos that we believe represent the best investment opportunities. We’ve factored in revenue generation potential, amenities, HOA fees, age of construction and several other factors to give you a window into the best PCB has to offer for your vacation condo investment.
These condos are:
- Calypso Tower 1 & 2
- Emerald Beach
- Majestic Beach
- Sterling Beach
- Sterling Breeze
- Sunrise Beach
- Treasure Island
Prices for 2 Bedroom Condos for 2021 First Quarter Market Report for Panama City Beach Condos
This graph represents months of inventory for our list of Top 12 Beachfront Condos in PCB average sales price. For this graph, we’re using 2-bedroom condos only to help normalize price variation between condos of different numbers of bedrooms.
You may still see variation from month to month depending on what exact floor plans at what resorts sell in each month.
Months of Inventory for 2021 First Quarter Market Report for Panama City Beach Condos
This graph represents months of inventory for our list of Top 12 Beachfront Condos in PCB. Basically, months of inventory is the current supply of properties offered for sale relative to the number of properties being purchased. The result indicates the number of months it would take to sell all properties currently for sale at the average monthly sales pace.
Interest Rates for 2021 First Quarter Market Report for Panama City Beach Condos
Data in graph is based on 30-year fixed average mortgage rates in the US for the last 6 months. Trends for 15-year and adjustable mortgages tend to follow similar trends but rates will vary. When purchasing a second home or investment property, not all lenders will offer all products for these type of purchases and rates will vary.
We know that investors may have questions about the market report for Panama City Beach condos. It can be challenging to figure out what to expect for rental revenue and expenses, and to determine if investing is the right move for you. We welcome your calls or emails and we're here to help!
Want to sign up to receive email alerts to monitor properties in our Top 12 Beachfront Condo list? Text “Top 12” and your email address to 850-290-2908. We'll add you to our powerful search portal which also gives you regular updates as properties become available.